Financial Regulatory Forum
Feb. 25 (Westlaw Business) Big Brother has his eye on more than just filings: He is also surfing the Web to corroborate corporate disclosures. Staff correspondence filed by Scottsdale-based Hypercom Corp. shows that when it comes to rooting out potential sanctions-evaders in Iran and Syria, the Securities and Exchange Commission keeps close tabs. (more…)
By James Vicini and Dan Margolies
WASHINGTON, Dec 16 (Reuters) – Swiss banking giant Credit Suisse Group AG will pay $536 million for failing to comply with U.S. laws, including Iran sanctions violations, according to U.S. court documents filed on Wednesday.
By Lisa Jucca and Steve Slater
ZURICH/LONDON, Dec 16 (Reuters) – A surprise $536 million settlement by Credit Suisse to a U.S. probe over financial dealings with Iran should only do short-term damage to the Swiss bank, but others could now be in the line of fire.